Mention the advantages and disadvantages of privatization.
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The main disadvantage of the private sector is that it has fallen much short of what this sector is capable of or what it has achieved in some other countries. The private sector is not interested in cost reduction and quality production.
Explanation:
Advantages & Disadvantages of Privatization
Advantage: Increased Competition. ...
Advantage: Immunity From Political Influence. ...
Advantage: Tax Reductions and Job Creation. ...
Disadvantage: Less Transparency. ...
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